SOCIAL → Continue to make economic contributions, provide good jobs and invest in our communities KEY GOAL FOR 2022 Economic performance is material to our sustainability goals. Our economic contributions to the communities we operate in include local procurement, direct and indirect employment, dividends to shareholders, taxes paid to governments, and investment in community programmes. We also develop innovation capabilities, transfer know-how and technology to local SMEs, and provide internship and training opportunities. Group Economic Contribution ($m) Bought-in material and services 4,501 Employee wages, salaries and benefits 2,122 Dividends and interest paid 513 Government taxes and levies 88 Total 7,224 ST Engineering remains committed to creating sustainable and inclusive growth for our stakeholders, especially during these challenging times. We take a long-term view towards value creation through the delivery of a balanced triple bottom line of “People, Planet, Profit.” → → Continued to make economic contributions and provide good jobs to our communities → Refreshed organisation structure for a stronger customer focus WHAT WE ACHIEVED IN 2021 → Updated our five-year strategic plan and integrated sustainability as a key focus $7.2b → TOTAL ECONOMIC CONTRIBUTIONS ECONOMIC PERFORMANCE For the second year, we continued to maintain an even keel amid the challenges posed by COVID-19. Our order book remained robust and increased to $19.3b in financial year 2021. The total economic contributions by the Group in 2021 was $7.2b. Further details can be found in the Performance Review and Financial Report in Annual Report 2021 46 ST ENGINEERING SUSTAINABILITY REPORT 2021 OVERVIEW OUR SUSTAINABILITY APPROACH ENVIRONMENTAL SOCIAL GOVERNANCE AWARDS INDEX
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